War in Ukraine: Russia’s Bitcoin Against EU

Europe is strengthening its acceptance -L’European Union Decided on the 5th package of Sanctions Against Russia and Belarus. Among the various sectors involved Cryptocurrency There is suspicion that some Russians have helped escape the previous financial restrictions of the international community.Bitcoin notices that it is sandwiched between Ukrainian resistance to use it Collect fundsThe Russian population trying to protect itself from the depreciation of its currency, wallet Cryptography. Consider these new decisions in general, especially cryptography.

Six sectors affected by EU sanctions

Therefore, the European Union (EU) New sanctions package Against Russia trying to influence Russia’s position in Ukraine.The idea is to increase pressure on the Russian economy to complicate it Financing Military operations.details of package You can find it here, but here are the main points:

  • Import ban Russian coal
  • Ban on Russian ships European harbor – – Excluding specific products – And a ban on Russian truck drivers operating in the EU
  • embargo Industry-specific products and strategic components (semiconductors, chemical components, etc.)
  • Prohibition ofImport EU-wide for certain Russian products (vodka, cement, wood, etc.)
  • Exclusion Russian European Public Procurement and Cultural and Academic Programs
  • Strengthening fine For natural persons and corporations in the EU
  • A total ban on financial transactions and asset freezes at four Russian banks, and a ban on anyone giving financial advice to Russians who want to take their money abroad
The European Union has adopted new sanctions against Russia in retaliation for the invasion of Ukraine.  Six areas are involved.
Infographic of new sanctions package against Russia – Source: Council of Europe Twitter

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Bitcoin and Cryptography Still Cited by Regulatory Authority

And cryptocurrencies were also mentioned in the finance section.The EU wanted to clarify to fill the potential gap in previous restricted packages “Prohibition of providing high-value cryptocurrency services to Russia”. This decision follows last week’s firm declaration by the Russian Prime Minister. Mikhail Mishustin The Russians said they have about $ 130 billion worth of cryptocurrencies on the exchange!

It’s hard to see this number, but whatever happens, it’s a sacred message sent to other parts of the world.And this brings water to the factory critic Cryptocurrency accusing them of promoting capital flight from Russia.Without evidence or research on this subject, some European officials continue to chase Moscow into what appears to be a handicap in it. Funding.

Economics is a highly trained discipline. Politics This will be part of the military strategy in times of conflict.Financially weakening Vladimir Putin seems like a good idea, but we seem to have the means to achieve it. i doubt it To the extent that European countries continue to import Russian gas and oil.. Which of these two decisions do you think is the most restrictive for the Russian economy, either to prevent crypto services or to turn off gas taps?We agree with you, especially since even the FBI does not believe in Bitcoin solutions Avoid sanctions..

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